Soybeans Market Overview The soybean market was very slow last week with China celebrating a week-long national holiday that closed the Dalian futures market. There was some activity in the U.S. as some Chinese crushers had a tax-free import quota to use or lose. The Chinese bought U.S. soybeans from the PNW at 155X CNF, much higher than the trades last month at 135X CNF. U.S. Gulf purchases were secured at 175-180X CNF China – levels that are close to Brazilian offers. It's interesting to note that some Chinese crushers were included in the tariff-free quotas but none of the Western trading houses were included. That means western trading houses will be less competitive as they are forced to buy more expensive soybeans from...
What You Need to Know Today: The corn and soybean markets closed slightly higher in low-volume trade. The wheat market was mixed, with HRW continuing its downward trek on improved moisture. As expected, the bearish cattle on feed report drove down cattle prices and pulled hogs down with it. Mi...
Key Market Insights Macro markets delivered a full whipsaw today. Early in the session, crude oil had rallied back above $100/barrel as traders priced renewed concern over the U.S.-Iran standoff and potential supply risk through the Strait of Hormuz. That strength helped pull grains off their o...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.